Written answers

Wednesday, 5 February 2025

Department of Finance

Financial Instruments

Photo of Mairéad FarrellMairéad Farrell (Galway West, Sinn Fein)
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300. To ask the Minister for Finance if he will provide the total spend on the information collected by the Central Bank on financial vehicle corporations (FVC) (details supplied) by all FVCs for 2022, 2023 and 2024, in tabular form; and if he will make a statement on the matter. [3161/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I have been informed by the Central Bank of Ireland, that it collects and publishes data on Financial Vehicle Corporations (FVCs) as defined in Regulation (EU) No 1075/2013 of the European Central Bank of 19 18 October 2013 concerning statistics on the assets and liabilities of financial vehicle corporations engaged in securitisation transactions (recast).

The full quarterly data series for Ireland is available in the Statistics section of the Central Bank website while Euro area statistics are available in the Monetary and Financial Statistics section of the ECB website. Data on expenditure items including ‘financial services fees and commissions’ are collected on annual basis with reference to end-Dec. The information about fees paid are included in Special Purpose Entities Statistical Releases found on the Central Bank website at: www.centralbank.ie/statistics/data-and-analysis/other-financial-sector-statistics/special-purpose-entities. The total fees paid by Special Purpose Entities can be seen in the table below. The 2024 data will be published on 4th March 2025.

In €millions 2021 2022 2023
Total Fees 1,108 1,527 1,319
Total FVC (securitisation) 577 889 724
Total SPV (non-securitisation) 531 638 595

Furthermore, the ECB publishes a list of reporting FVCs for all Euro area countries (including Ireland) on its website at:

www.ecb.europa.eu/stats/financial_corporations/list_of_financial_institutions/html/index.en.html

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